Reg BI

There are Recent Customer Complaints with Broker Ali Chehab in Firm Merrill Lynch, Pierce, Fenner & Smith Incorporated

April 19, 2025 | by Staff Attorney

According to records kept by The Financial Industry Regulatory Authority (FINRA) financial Broker Ali Chehab (Chehab), previously associated with Merrill Lynch, Pierce, Fenner & Smith Incorporated, has at least 2 disclosable events. These events include 2 customer complaints, alleging that Chehab recommended unsuitable investments in different investment products including debt securities among other allegations and complaints.

FINRA BrokerCheck shows a settled customer complaint on August 26, 2024.

Customer alleges financial advisor used their sign on to trade their self-directed account from May 2024 through August 2024

Broker Chad Mehle in J.P. Morgan Securities LLC Firm Has Customer Complaint

April 19, 2025 | by Staff Attorney

According to records kept by The Financial Industry Regulatory Authority (FINRA) financial Broker Chad Mehle (Mehle), currently associated with J.P. Morgan Securities LLC, has at least one disclosable event. These events include one customer complaint, alleging that Mehle recommended unsuitable investments in different investment products including debt securities among other allegations and complaints.

FINRA BrokerCheck shows a pending customer complaint on August 27, 2024.

Claimant alleged, inter alia, that investment strategy in account being used as collateral for a securities based loan was unsuitable – October 2020 through November 2022.

Broker Yaneisy Quevedo in J.P. Morgan Securities LLC Firm Has Customer Complaint

April 19, 2025 | by Staff Attorney

According to records kept by The Financial Industry Regulatory Authority (FINRA) financial Broker Yaneisy Quevedo (Quevedo), currently associated with J.P. Morgan Securities LLC, has at least one disclosable event. These events include one customer complaint, alleging that Quevedo recommended unsuitable investments in different investment products including debt securities among other allegations and complaints.

FINRA BrokerCheck shows a pending customer complaint with a damage request of $86,655.55 on November 18, 2024.

Customer alleges unsuitable investment recommendation. Activity dates 10.18.24 – 10.24.24.

Broker Albert Chen in LPL Financial LLC Firm Has Customer Complaint

April 19, 2025 | by Staff Attorney

According to records kept by The Financial Industry Regulatory Authority (FINRA) financial Broker Albert Chen (Chen), previously associated with LPL Financial LLC, has at least one disclosable event. These events include one customer complaint, alleging that Chen recommended unsuitable investments in different investment products including debt securities among other allegations and complaints.

FINRA BrokerCheck shows a pending customer complaint with a damage request of $25,000.00 on November 27, 2024.

Alleges losses in portfolio value due to lack of Mr. Chen’s taking action in line with his fiduciary duties to address the rapid and devasting depletion of the client’s funds.

There are Recent Customer Complaints with Broker David Bulow in Firm Ni Advisors

April 19, 2025 | by Staff Attorney

According to records kept by The Financial Industry Regulatory Authority (FINRA) financial Broker David Bulow (Bulow), previously associated with Ni Advisors, has at least one disclosable event. These events include one customer complaint, alleging that Bulow recommended unsuitable investments in different investment products including debt securities among other allegations and complaints.

FINRA BrokerCheck shows a pending customer complaint with a damage request of $10,000.00 on October 08, 2024.

Statement of claim indicates breach of contract, breach of fiduciary duty, failure to supervise, negligence andgross negligence, and violation of Best Interest obligation. Bonds purchased during 2019-2020.

Broker Chad Mclane in Centaurus Financial, INC. Firm Has Customer Complaint

April 19, 2025 | by Staff Attorney

According to records kept by The Financial Industry Regulatory Authority (FINRA) financial Broker Chad Mclane (Mclane), currently associated with Centaurus Financial, INC., has at least one disclosable event. These events include one customer complaint, alleging that Mclane recommended unsuitable investments in different investment products including debt securities among other allegations and complaints.

FINRA BrokerCheck shows a pending customer complaint with a damage request of $28,182.01 on August 26, 2024.

Client alleges that the Variable Annuity she bought in November 2020 was not suitable, based on her age and liquidity needs.

Broker Peter Cox in LPL Financial LLC Firm Has Customer Complaint

April 19, 2025 | by Staff Attorney

According to records kept by The Financial Industry Regulatory Authority (FINRA) financial Broker Peter Cox (Cox), currently associated with LPL Financial LLC, has at least one disclosable event. These events include one customer complaint, alleging that Cox recommended unsuitable investments in different investment products including debt securities among other allegations and complaints.

FINRA BrokerCheck shows a pending customer complaint on August 25, 2024.

Customer alleges unauthorized trades.

There are Recent Customer Complaints with Broker Amy Furuno in Firm Lucid Capital Markets, LLC

April 19, 2025 | by Staff Attorney

According to records kept by The Financial Industry Regulatory Authority (FINRA) financial Broker Amy Furuno (Furuno), currently associated with Lucid Capital Markets, LLC, has at least one disclosable event. These events include one customer complaint, alleging that Furuno recommended unsuitable investments in different investment products including debt securities among other allegations and complaints.

FINRA BrokerCheck shows a pending customer complaint with a damage request of $3,500,000.00 on November 24, 2024.

Brokers are required to adhere to the SEC’s Regulation Best Interest (Reg BI) standard of care under the Securities Exchange Act of 1934 which establishes a ‘best interest’ standard for broker-dealers and associated persons. Reg BI applies when brokers recommend a retail investor engage in securities transaction or an investment strategy involving one or more securities. Reg BI also applies to financial advice concerning the transfer of funds and opening of accounts. Reg BI is drawn from fiduciary principles that include an obligation to act in the retail investor’s best interest and the broker is prohibited from placing their own interests ahead of the investor’s interest.

Broker Marc Cobb in Edward Jones Firm Has Customer Complaint

April 19, 2025 | by Staff Attorney

According to records kept by The Financial Industry Regulatory Authority (FINRA) financial Broker Marc Cobb (Cobb), currently associated with Edward Jones, has at least one disclosable event. These events include one customer complaint, alleging that Cobb recommended unsuitable investments in different investment products including debt securities among other allegations and complaints.

FINRA BrokerCheck shows a settled customer complaint with a damage request of $200,000.00 on December 06, 2024.

The client alleges that they were not given all the options available on the VL policy.

Broker Glennon Cole in Moloney Securities Co., INC. Firm Has Customer Complaint

April 19, 2025 | by Staff Attorney

According to records kept by The Financial Industry Regulatory Authority (FINRA) financial Broker Glennon Cole (Cole), previously associated with Moloney Securities Co., INC., has at least 3 disclosable events. These events include 3 customer complaints, alleging that Cole recommended unsuitable investments in different investment products including debt securities among other allegations and complaints.

FINRA BrokerCheck shows a pending customer complaint with a damage request of $400,000.00 on August 26, 2024.

Suitability/negligence. 2013-2018